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83-85 Princes Way 7,083 SF 100% Leased Retail Building Drouin, VIC 3818 For Sale



Investment Highlights
- Five properties sold as one consolidated development in Drouin’s CBD.
- Zoned Commercial 1 (CZ1) for maximum flexibility of use.
- High-profile location with strong exposure and accessibility.
- Approx. 440 m² land area with 658 m² of combined floorspace.
- Secure tenancies providing immediate rental income.
- Significant potential for future redevelopment (STCA).
Executive Summary
First National Candappa presents an exceptional opportunity to acquire a unique commercial holding in the heart of Drouin’s thriving town center. This rare offering comprises five properties sold as one consolidated development, including 83-85 Princes Way, 85A Princes Way, and 35 & 36 Commercial Place.
The site spans approximately 440 m² of land and delivers an impressive 658 m² of combined floorspace, all within a Commercial 1 Zone (CZ1). This zoning provides outstanding flexibility for a wide range of commercial uses, making it an attractive proposition for investors and developers alike.
Currently benefiting from secure tenancies, the property offers immediate rental income while presenting significant upside potential for future redevelopment (STCA). Its prime location in Drouin’s bustling CBD ensures high visibility, strong foot traffic, and excellent accessibility, supported by surrounding retail, dining, and essential services.
Whether your objective is to secure stable income, achieve long-term capital growth, or unlock the site’s redevelopment potential, this property package represents a rare and strategic acquisition in one of the region’s most dynamic markets.
The site spans approximately 440 m² of land and delivers an impressive 658 m² of combined floorspace, all within a Commercial 1 Zone (CZ1). This zoning provides outstanding flexibility for a wide range of commercial uses, making it an attractive proposition for investors and developers alike.
Currently benefiting from secure tenancies, the property offers immediate rental income while presenting significant upside potential for future redevelopment (STCA). Its prime location in Drouin’s bustling CBD ensures high visibility, strong foot traffic, and excellent accessibility, supported by surrounding retail, dining, and essential services.
Whether your objective is to secure stable income, achieve long-term capital growth, or unlock the site’s redevelopment potential, this property package represents a rare and strategic acquisition in one of the region’s most dynamic markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,083 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.50
Lot Size
0.11 AC
Amenities
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83-85 Princes Way
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